Tag: M and A

 Semi-annual report suggests SAIC Motor development decisions

SAIC Motor Corporation Limited (SAIC Motor) released its semi-annual report on Aug 30, summarizing its performance in the first half of 2017. According to the report, from January to June SAIC Motor sold 31.75 million vehicles, a year-on-year increase of 5.8 percent; domestic market share increased to 23 percent; operating income hit 396.4 billion yuan… Continue reading  Semi-annual report suggests SAIC Motor development decisions

 Customers invited to design D90 vehicle

SAIC Maxus launched its first custom D90 Internet SUV on Aug 8. The model is designed and produced in line with the customer to business (C2B) model. SUV D90 received worldwide attention not just for breaking the joint venture brand monopoly  in the SUV market but also for offering customers a role in the development,… Continue reading  Customers invited to design D90 vehicle

Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation

Chinese electric vehicle manufacturer Future Mobility Corp. has raised a new funding round worth US$200 million from a group of unnamed investment institutions and large enterprises, according to a securities disclosure document. The round values the company, founded in 2016 by two veteran automobile executives from BMW Group and Infiniti China, at US$750 million post-money,… Continue reading Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation

Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa

China’s largest ride sharing company Didi Chuxing has agreed to form a strategic partnership with Taxify, a leading ride sharing firm in Europe and Africa. No financial details were disclosed. Didi will invest in and collaborate with Taxify to support the latter’s growth and innovation across its markets, according to a company announcement. Launched in… Continue reading Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa

Taxify partnering with Didi Chuxing

Taxify is happy to announce a strategic partnership with Didi Chuxing, the world’s leading mobile transportation platform. Under this new partnership, DiDi will invest in and collaborate with us to support our further growth and innovation across all markets. We will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe… Continue reading Taxify partnering with Didi Chuxing

FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS

Nanterre (France), July 19, 2017Faurecia takes majority share in chinese infotainment leader jiangxi coagent ELECTRONICSNanterre, France, July 19 2017 – Faurecia, one of the world’s leading automotive suppliers, announced today that it had taken a majority share in the Chinese company Jiangxi Coagent Electronics for a total investment of 1.45 billion RMB (193 million euros).Jiangxi Coagent… Continue reading FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS

Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier

Osaka/Barcelona – Panasonic Corporation (Head office: Kadoma City, Osaka, President: Kazuhiro Tsuga; hereinafter, Panasonic) announced today that it has completed its previously announced acquisition of additional shares in Ficosa International, S.A. (Head office: Barcelona City, Spain, CEO: Javier Pujol; hereinafter, Ficosa), which is a global tier 1 supplier of automotive parts and systems, after the… Continue reading Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier

Chinese Bike Sharing Firm Mobike Rumored To Acquire Smaller Peer UniBike

Mobike is in the process of acquiring a smaller peer, Xiamen city-based UniBike, for an undisclosed amount of money; the first merger deal in China’s red-hot bike sharing industry, according to local media reports citing insiders. In response to China Money Network’s inquiry, Mobike representative Chen Qian said the information is not accurate, but refused… Continue reading Chinese Bike Sharing Firm Mobike Rumored To Acquire Smaller Peer UniBike

PSA boss Tavarez expects to hit the black by 2020

It starts troubled time for Opel. CEO Karl-Thomas Neumann is on the go, and the future head boss Carlos Tavares calls a clear deadline for the jump into the profit zone. Opel plant in Kaiserslautern Monday, 12.06.2017 11:25 clock The car manufacturer Opel must after a Acquisition by the French PSA Group quickly head for… Continue reading PSA boss Tavarez expects to hit the black by 2020